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Meaning of “stock option” in the English Dictionary

"stock option" in Business English

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stock optionnoun [C]

[usually plural] (also share option) a ​contract for the ​right to ​buy and ​sellshares at a later ​date or within a ​certainperiod at a particular ​price: It's like persuading ​people to ​buystockoptions back immediately after the 1987 ​stockmarketcrash. He ​netted over $217 million from the ​sale of ​stockoptions between 1998 and 2001.
the ​right of an ​executive or other ​employee to ​buyshares in their ​company at a ​lowerprice than usual: The ​increased use of ​stockoptions makes it ​harder to ​gauge exactly what ​people are ​earning. The ​corporationproposes to ​implement an employeestockoptionplan for ​keyemployees.
(Definition of stock option from the Cambridge Business English Dictionary © Cambridge University Press)
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“stock option” in Business English

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